3q Public Housing Data

[JK_headache 0]

Halo to all !

This is my 1st post here...been reading this forum for sometime and gain quite a handful of info

Been flat hunting (5rm) with my partner for the past 1 mth in hougang area but...as we all noe, the asking COV is way too high and the condition of the flat does not justify the COV ! So...we expanded our search to Sengkang and punggol, like the flats there beta coz they are newer and the condition is also beta. But still...high COV, at least 30k ah...how to afford?

Lookin forward for 3Q's housing data and its finally out ! hmmm....read thru them and not sure how will these help me or folks out there.

HDB price index increased by 3.6% as compared to the previous quater, further...looking at the line graph, this quater is highest in many many years.

However, the median resale price for a 5rm is @ $390k and the median COV is only @ $10k.

its puzzling how these data differs to what is happenin in the mkt, where sellers are asking for sky high prices, in particular, high COV.

i am juz wonder if these data will help ease the sentiments in the current mkt, and will these data be enuff to tell sellers and buyers out there that the trend is not what they tink it is...most importantly to those "not serious" sellers that are out to test the mkt.

Will these data help ?

anyone care to share?

Edited October 23, 2009 by JK_headache

[alamak 0]

that is because the data is for resale transactions roughly about 3 months ago. you'll see the data for the market now only in the 4th quarter report.

Edited October 24, 2009 by alamak